Domino’s Pizza (NASDAQ:DPZ) Given New $465.00 Price Target at Benchmark

Domino’s Pizza (NASDAQ:DPZ) had its price objective lowered by Benchmark from $540.00 to $465.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

A number of other brokerages also recently issued reports on DPZ. Argus raised shares of Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. Citigroup dropped their target price on shares of Domino’s Pizza from $440.00 to $425.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Evercore restated an “outperform” rating and issued a $510.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Guggenheim reduced their target price on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Finally, Barclays raised Domino’s Pizza from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $469.11.

Domino’s Pizza Price Performance

DPZ opened at $369.46 on Monday. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 1.63 and a beta of 1.18. The firm’s fifty day moving average price is $381.88 and its two-hundred day moving average price is $402.30. Domino’s Pizza has a 1 year low of $346.31 and a 1 year high of $499.08.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, February 23rd. The restaurant operator reported $5.35 EPS for the quarter, missing the consensus estimate of $5.38 by ($0.03). Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The firm had revenue of $1.54 billion during the quarter. During the same period in the prior year, the company posted $4.89 EPS. Domino’s Pizza’s revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that Domino’s Pizza will post 19.75 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were given a $1.99 dividend. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, March 13th. Domino’s Pizza’s payout ratio is presently 45.30%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Jump Financial LLC purchased a new position in Domino’s Pizza in the second quarter valued at approximately $3,183,000. Investment Management Corp of Ontario increased its position in Domino’s Pizza by 68.3% in the second quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock worth $718,000 after buying an additional 647 shares during the last quarter. Sei Investments Co. raised its stake in shares of Domino’s Pizza by 21.7% in the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after buying an additional 14,452 shares during the period. Glenview Trust co raised its stake in shares of Domino’s Pizza by 36.9% in the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after buying an additional 306 shares during the period. Finally, HUB Investment Partners LLC lifted its position in shares of Domino’s Pizza by 17.3% during the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock valued at $596,000 after buying an additional 195 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.